Regulators are targeting industries from EVs and solar to food delivery as price wars slash margins, deepen deflation risks, and put jobs at stake across China’s economy.
According to a Bloomberg report citing people familiar with the matter, Prosus has sold nearly $250 million worth of shares of Meituan over the last two weeks and could sell more.
In an open letter to hoteliers on Wednesday, JD.com said it will provide supply‑chain services aimed at lowering operational costs and enhancing guest experiences.
Investing.com-- Hong Kong-listed shares of JD.com (HK:9618) dropped on Tuesday after Meituan (HK:3690) CEO Wang Xing higlighted intensifying competition in China’s instant retail market.
Investing.com-- Shares of JD.com (HK:9618) and Meituan (HK:3690) declined on Tuesday following JD.com's allegations of anti-competitive behavior in China's food delivery sector.
Investing.com-- Shares of major Chinese e-commerce companies fell today after the United States Postal Service (USPS) announced an indefinite suspension of incoming parcels from China and Hong Kong.